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with the ecb to make sure that the euro got through this problem. i was designated to ask you about the banking union. and at that point he was there optimistic. he thought the banking union could be worked on, in place in the first quarter of this year. well, now they've moved it to the first quarter hopefully in 2014 and you still have argument somehow it is going to be done. so you need to put a timeline on this and then you've got to adhere to it. but to get the banking system back with similar regulations throughout the eurozone is absolutelabsolutel absolutely necessary. it is key to the recovery of your. second of all is a plan that he talked about on july 26 in london last year. which is the outright monetary transaction, whereas the ecb would buy bonds from the country's in trouble, along with the european stability mechanism under certain conditions. in other words, certain conditionality. now, the ecb is going to put up that conditionality. they have enough on there. and so it will probably be international monetary fund, but they haven't really agreed what kind of conditionality the
place because of the euro zone and that is why i think it's right to resell our relationship with europe and then to trust the people. >> thank you, mr. speaker. [inaudible] recent revolutions show about the secretive series abuse of powers continues with involvement of the police and the security services. will be prime minister have an investigation into the scandal that has ruined, continues to run the lives of many hard-working men, women, and their families? >> the honorable member quite rightly raised the issue that i know the opposition will be racing today in the debate and let me say the blacklisting that occurred was a completely unacceptable project that i think the previous government was right to bring in legislation to make it unlawful. we've seen no evidence that the blacklisting regulations introduced are not doing their job and the company responsible was shut down in 2000. at me say this but i do welcome the openness and frankness that labour are using to look at something that went wrong while they were in office. >> thank you, mr. speaker. my right honorable friend in
in the euro zone picture than fundamental change in europe. second, there's a crisis that competitiveness is other nations across the world sora had. and third, there is a gap between the e.u. and its citizens which has grown dramatic way in years. it is democratic accountability in consent that is yet particularly cute way if we don't address these challenges, i do not want that to happen. i want the european to be a success and the relationship between britain and keeps sna. that is why i'm here today to acknowledge the nature of the challenges we face and to set out how i believe the european union should respond to them and what i want to achieve for britain in its place within the european union conservative nature of the challenges for me. there are some serious questions that will define the future of the european union and the future of every country within it. digging in is changing to help fix the current scene that has profound implications for all of us, whether in the single current era not. britain is not in the single currency and are not to be. when you do yours don't have
bankrupt. very soon if the entire country had gone bankrupt. due to the structure of the euro zone where countries without a central bank behind them needed -- bailout of the banks and where the banks needed to continue lending money to bankrupt states, -- there was a domino effect because of the banks that were untrustworthy and the untrustworthy countries that they were associated with. this was the point in which the european union refused to realistically look at the situation. they decided that it was better to act, that it was just a crisis of public debt, and they did not -- instead of accepting that they had a poorly designed a currency union, they decided to implement austerity packages to ponte economies that were on the brink of bankruptcy. securing their default, in this way they created a recession that was not necessary for us to have. and they insisted in doing. at the cost, at great human co cost. and at a terrible cost for democracy. ladies and gentlemen, understanding here before you today, and i'm very sorry, but i'm going to say but i have to say this, none of these l
major challenges confronting us today. first, the problems in the euro zone are driving fundamental change in europe. second, there is a crisis of european competitiveness as other nations across the world sort ahead. and third, there is a gap between the eu and its citizens which has grown dramatically in recent years. and which represents a lack of democratic accountability in consent that is, yes, felt particularly acutely here in britain. if we don't address these challenges, the danger is that europe will fail and the british people will drift towards the exit. i do not want that to happen. i want the european union to be a success. and i want a relationship between britain and the european union that keeps us in it. that is why i am here today. to acknowledge the nature of the challenges we face, and to set out how i believe the european union should respond to them. and to explain what i want to achieve for britain and its place within the european union. so let me start with the nature of the challenges we face. first, the euro zone. the future shape of europe is being forge
much to add a debt crisis of the euro zone, mr. president. present from a letter the german chancellor up-and-down. i'd say you go about 140 kimber take five pounds. [laughter] am i in the ballpark? [laughter] chancellor merkel, hoping she might misunderstand the president said i believe -- excuse me, i believe the future of the euro will dominate our discussions in the coming days. the city that is more bridges than any other city in the world is pittsburgh, pennsylvania romney said. congratulations. congratulations to pittsburgh, chancellor merkel last? president romney thought for a moment. now, just congratulations. stephen harper, prime minister of canada china group in nature introduced himself to president romney. are you a french-canadian origin? president romney said no i'm not the prime minister replied, but i am canadian. this states michigan is the petoskey's the president said. then spotting a few feet away status, are you french-canadian origin? now, i'm david cameron, prime minister of the united kingdom. president romney looked at kamran and ben harper and cameron again
central bank to drop interest rates which would, i think, push the euro lower and help on exports. i think it always hangs out there, you know, that's the biggest argument why greece should leave the euro. i do not see that you're going to have the two-tiered or three-tiered system. .. because if you don't show there's growth potential -- i should say portugal increased its experts substantially, -- exports substantially. you have to be competitive. you have to have deregulation. those are even more important than a devaluation, because a devaluation only last so long, whereas if you make the structural changes -- this is going to be a challenge for -- you had 14 of these stimulus programs since the late 1990s in japan, and none of them have really done the job. so you have to bundle this up in a packet, and put them through. so that's the best way i can answer you. i think that where europeans have fallen down -- goes back to the questions we already had -- they didn't put the emphasis on being competitive. they didn't put the emphasis on driving the fiscal side and the monetary said and
mechanism in order to protect the euro. now we have it. now it is in place. and that's an excellent advantage. on the other hand, for financial and fiscal solidity we have the so-called fiscal compact. this, too, is in force ever since the beginning of this year, and there's now a particular point where we have to continue working, so we have improved fiscal consolidation, we have better, binding commitments, better tools, we have better mechanisms. we also have as regards banking supervision made considerable progress as of 2014, we will have a banking supervision in place in the eurozone in which, obviously, also other european countries can participate. but we're still lacking, and that's something that we need to do this year, 2013, is to see to it that over the next few years to come we also have a convergence in competitiveness within the common euro area. so not somewhere where we are sort of, um, expecting the lowest common denominator, but competitiveness that measures wealth against the best of us and against the best on the global markets. and showing us access to global
.6 billion in what is the budget of all the couple euros and the budget of all the baghdad euros to work? it is dwarfed by the pentagon message is pushing out, dwarfs -- c-span: do we know as americans, reading the american media or any video what actually has happened in iraq and afghanistan? >> guest: i think actually we do. the guys on the ground generally do a pretty good job and have done an amazing job in difficult circumstances to get the story and if you are reading "the new york times," "the washington post," "the new yorker," the times, "newsweek," "the wall street journal" you get a sense on not the editorial page but if you read their actual reporting you get a sense of what's going on there. c-span: what would you say to young person and again we talked about the earlier event, want to do what you have done? >> guest: buckle up. c-span: what does that mean? >> guest: i think -- it's funny when people talk about michael hastings and who's going to write the next dispatch? you can do that. he wrote about vietnam and the classic book that all war correspondents love and there's
of the changes taking place in the euro zone which is driving a lot of the change in the european union that every opportunity to achieve that settlements and seek consent for it. >> mr. speaker, you like foreign travel, trade delegations, meeting for leaders, but he is not too keen on the detailed policies. does the prime minister know anybody else like that? >> all morning for that -- it is important that we have ministers in both houses who are linking up with the fastest growing country anywhere in the world. that is why exports to china are up 50%, exports to india are up 50% and we are connecting britain with other parts of the world. >> bearing in mind bills which are thought to affect the royal prerogative require the signification of the queen at second reading, can the prime minister tell us whether he has yet heard whether it regards any of the major constitutional changes proposed in successions of the crowd bill as in fruiting either on the royal prerogative for the coronation of which are majesty talked? >> what i can say to my right hon. friend is throughout the process,
is one of the euros school. they're run the army caught up with what he was doing. you is this tech? we get to play catch up. i did not -- i was in a cocoon those six months. i did not have a chance to go off campus and talk with the locals and see that. again, there is the square, william faulkner square down and the middle of oxford. i don't know if it still happens that way, but if you are an african american 1962 and had any business on a square, you better be about a quickly. go to the bank. no loitering. no hanging around talking to each other. did your job done and move on. if you tried on a hat, it was your had. you bought it. that kind of a culture. the army has this kind of assignment. humor breaks out. thank god for that. one of our black officers says, when the front of a bus. i'm in the front of of bus in mississippi. that kind of survival humor because it was boring. it was boring, except for those first moments of tension during the riots and the intention letter on when he would be moving from class to class, and we would spot a car that should not be there, someone that
trying to honor that. i am trying to honor this truth within me. c-span: so i am a kid about 13 euros hole, i am smoking pot or move to speed or cocaine and i am robbing and stealing and all that stuff. do i rob to get money from all that stuff? >> guest: a lot of these are robbing to get money for food. c-span: would you do in your day? >> guest: my brother was a drug dealer in the neighborhood. and he was killed. c-span: what were the circumstances. >> guest: my brother was trying to make a change. he moved from virginia to north carolina and he was really trying to make a change. and he had been living in my uncle's home and next door there was a woman who had an abusive boyfriend and from time to time he would talk to her. and the boyfriend was basically jealous and said to stay away from his girlfriend. the boyfriend was defending her and eventually he was killed. c-span: what would you tell me -- and you interact with these kids at the university of maryland where you are doing this? >> well, when we were running a pilot program, i was a part of this team. it was important for m
, mr. speaker. like the prime minister, i want to see a fresh a settlement for euro. german beer drinkers made 13 times more duty than british drinkers. and spanish drinkers -- british drinkers paid 9.2% in spanish tankers and 10,000 more duty than spanish drinkers. will he take the chancellor for a pint? and do something for british pubs and british republicans speak with my honorable friend quite rightly speaks up for -- i remember visiting the great bravery with him during the last election. i'm sure the chancellor would have listened very carefully to what he said but i think it's very important that we action also tried to support the pub trade in the country and the government has planned for that as well. >> mr. speaker, thousands of my constituents in insulated homes fear high sky whether built. they are 7% interest charges with only five households signed up for it. how has the prime minister achieved this fiasco? >> i would say to the honorable gentleman i hope you'll welcome the green deal because it gives households the opportunity to cut their bills and to cut their
. [inaudible] by what they see these euros 30 or 40 years wednesday become top dog? how a site than 30 years ago when you guys are the number one power. why should we do that anymore? most countries are opportunistic. if circumstances change, they will change and loss of international rules are a good 30, 40 years in the past will no longer be valid. so it's naÏve to establish a stable, international order and utopian premise because the united states agreed to subordinated sovereignty and global authority when it was the leading power that others will do the same sometime in the future. of course this also fails on the more grams of democratic self-governance. a lot of the vital interests of the united states. the most vital interest of the united states are securing the preservation and preparation of democratic self-government, of liberty and our way of life. if we subordinate ourselves, we party given up our vital interests. so i would argue that to suggest with our values, subjective to a jurisdiction as the declaration of independence put it would in effect be committing democratic su
swamps on the right to know about obama as the euro socialist radical republicans never explained how the $716 billion in spending stimulus that even paul ryan supported well above the 787 tax and spending stimulus was crushing status and in the deaths of american free enterprise. that's the beauty of the minority. the stimulus is early evidence obama was but he said he was, this data oriented left of center technocrats above all privatized. it is the first evidence after campaigning as they change the system outsider, he would govern as they were persistent insider. despite the flowery talk he understood those that don't pass congress don't produce change. the stimulus producing change in iraq but obama was he was the worst guy, turns out he's more of a deep sky. not producing perfection, but it's making things better and better is better than worse. before the stimulus, 20%.receives juiciest electronic medical records. we won't have to fill out pages of paperwork or atomic go to the doctor. will reduce our costs and improve care. stimulus directly lifted 7 million americans out of p
and something about the world. did you see this poster from the e.u. showing all of the symbols of the euro? it showed a cross, star of david and so on and a hammer and sickle. there is a bit of an outcry from the lithuanians. and i ask why does it take the lithuanians, why aren't we in the west sympathetic enough to the persecuted under communism to object ourselves? white -- why would we leave it to them? i am relaxed about these symbols. we see a guy what they cccp with hammers and sickles and i once did a study on this on a simple magazine piece and some people say it's proof. it's kind of funny. you know, you don't see the pictures on t-shirts. it's just a t-shirt. as andrew daniels points out if we only took one good picture in this life he looks like a moon star and he got his cheekbones just right but it wasn't all that much, honestly. this is all regarding chambers, but he was a witness and a truth teller and it was really hard for him to forsake not popular approval but the approval of the people that mattered was colleagues and journalism and what we might call the liberal establ
time in the small town of toronto. my father was an academic who kept getting degrees and the euro monday when they got his phd in the two southwestern ohio for high school and college in minnesota. came to new york immediately had been there ever since. most of it and western. have a lot of minnesota team spirit and a father point back of his sister mother father were there. a lot of dna for minnesota. c-span: is marketing your big name? >> guest: yeah. c-span: what is yours? >> guest: panderer region in danish. c-span: what is your sense comes the similar background for vice president mondale, you know, he was there. >> guest: it really wanted to have an interview because i really wanted to reflect his point of view. josh and i were eager to hear him out on this. but i can't tell you because i never even got a chance. >> guest: you keep reading all these connections in this town and in this case, these folks are making millions and millions of dollars. why didn't anybody stop? >> guest: people try to solve it. there's a wonderful and go to an episode in the book for the cbo, cong
. because they grow during the war, the soviet union. don't forget, they armed themselves across the euro amounts. they remake themselves. it's an extraordinary story. reconstruction and dedication of the people. the idea is the whole nation climbs into this thing. it was a crucible, great war. but the british -- churchill as a fastening overlay because once the british islands are saved in the battle of britain, his goal seems to be true to regain the entire. he said i do not come upon this thing to dismember the british empire. the whole concept of going to north africa, sending troops up the southern valley of the nazi empire, reaching greece, which is a tremendous story. everyone talks were eastern europe. as an outsider i think about what about the british when they went back in 1944 and started divebombing the streets of athens? the people, time in his resistance who fought valiantly against the nazis. the british were relentless. people say look what stalin did in poland, he broke the yalta. i don't believe he broke yalta. look what the british did. no one ever points to that. then
feature or for all economists, particularly the advanced economies. force the euro area -- as far as the euro area is concerned, we think that a lot has been achieved in terms of policies, in terms of new tools in the tool box that the europeans have available to fight crisis, yet firewalls have not yet proven operational. progress needs to be made on banking union, and clearly continued if not further monetary easing will be appropriate in order to sustain demand. for the united states, we think that all sides should pull together in the national interest avoiding further avoidable policy mistakes that is failing to agree on increasing the debt ceiling on time and prior to that preferably and reaching agreement on medium-term debt reduction. that i mentioned earlier. for the nonadvanced economies, and i'm putting together the emerging markets as well as the low income countries, clearly those countries are faring at a much better pace in terms of growth. but everywhere i've traveled in the last two months in africa, in latin america and in asia there's always been a concern about
for that meeting. we are in a moment where everything seems to convict on the euro crisis. the amount of money on the tivo keeps shrinking. the sense of generosity is shrinking and we've seen, since to decimate the financial crisis, ever greater dependency on one sowers, the united states government, which is now i think about 60% of support for international hav effort. what does this mean for you in terms of trying to court may tickle the response? >> i think it's very important. peter said something. he said the world is changing. 10 years ago when we were talking about elements, africa was nowhere. every office seeks 7%, even highest growth rate for thanking god that 15%. we're not talking about emerging nation, china, presale is a key player in the new global government system. so for me, what is important today is what we are trying to push us to share responsibility, saying the world is changing. the development paradigm we have been using until now. so what we are trying to push a spring and different players. we have been able to work with the chinese and the chinese now are paying fo
to growth in young women. dozens of energetic gross, ranging from wrigley and five and six euros two collected teenagers had waited patiently for us to arrive. they had researched the questions they want to ask them their knowledge was impressive. but it wasn't related topics that were important. they were being encouraged to imagine and realized it they could use heaters, to, that they could be anything they want it to be. in order for their gross i met a girl's inc. and all of our young people to realize their dreams, we must ensure that each step along the way, their education is providing them with the skills, knowledge and innovative thinking needed in a 21st century economy. [applause] we must work with teachers, local schools, higher education and the business community to ensure a robust and rigorous education for all of our students, including in the stem fields of science, technology, engineering and math. [applause] new hampshire's public colleges and universities have set an ambitious goal of doubling the number of stem students that graduate by 2025. we should embrace th
of are calling not for an increase in the budget, not for a freeze in the budget, but for a 200 billion euro increase in the budget? and while they're at it, they want to get rid of the rest of the british rebate. is that his policy? >> the reality is this: he can't convince anyone on europe. last year he announced out of the december negotiations with a veto and the agreement went ahead anyway. you've thrown in the towel even before these negotiations have begun. he can't convince european leaders, he can't even convince his own back benchers. he is weak abroad, he is weak at home. it's john major all over again. >> ed miliband and david cameron. and a few hours later the commons debate on the e.u. budget began in earnest. >> now, let me take this multiannual framework -- or e.u. budget, to use a simple word -- to ask for the european union to ask for a 10% real increase above inflation is insulting to our constituents, it's ensubtling, it is insulting to the people of spain and italy ask and portugal and ireland who are being told to pull in tear belts. -- in their belts. >> isn't the trut
trying to shift mortgage and credit card debt. look at the problems in the euro zone, in our own european neighborhood. i think we're doing the right things. i don't think anyone should start making foolish decisions -- statistical predictions about what's going to happen to something as unpredictable as the global economy. but we're doing the right reforms and implementing the right changes to ensure that healing process continues. >> we don't now make her own forecast. we've given it to the office for budget responsibly. they are forecasting growth this year, as our almost every other economic forecaster. that's what the forecasters say. it begs the question, what should the government be doing. it's vital that we provide a low interest rates the economy needs and does what our fiscal strategy is so important. but i've also point to what are the things that business organizations, the wealth creators have asked for? they want backing -- they want enterprise zones around the country. we've introduced it. they want a real export driver. we get behind exports. on every issue wealth careers
euros i was going to by the congress in 1994, and in 93 i went around to things like this and there was so much excitement out there. there was excitement out there because there wasn't just one talk radio guy that everybody listen to, or one news channel that everybody listen to, or one website that everybody went to. you would give a great welfare reform idea from john engler in michigan. he would get great crime control ideas from tommy thompson in wisconsin. and newt gingrich, along with trent lott, along with connie mack, along with jack kemp, they were churning ideas out every single day. so in 93 and 94, when i ran, i just plugged my campaign into all the things that gingrich, i think a pretty severe critic but i'll tie you what, it was him doing the very things that ross is complaining about that this republican party and our house doesn't do right now that gave us the majority. i remember in 93 going into the rnc and they had a sign that said think majority. they just laughed but i was like are you kidding me? we have no chance. we have been in the majority i
and caucuses recalculated. november 6th was the big enchilada and we had this huge network with euros that the research is news networks collect genius in the early voting. in the run-up to the election. we have used election night operation. for the only source for open wide results in many states the only source. as part of that operation, we've stringers in virtually every unit in the country, counties and most places. we have hundreds of people in entry centers, analyst at the data in our news network in the field, so we have a dirty good facility for seeing issues and problems and trends i guess you would say. we have a bias in that we look for things that causes problems with an interest other folks on the panel appeared more interested in things that make to these accounts specifically or affect the accuracy of the count. and we generated make a rule of expecting and preparing for the worse, which is not hard to do as they got ready for this election because we do redistricting year, number one. 10 states in the run-up to the election considered essential tossups, which makes e
can try. i'm trying to remember. i remember the 5-year number was 259, and then the 10-euros 487. about 60 was throughout the more disciplined use of resources. trying to remember, but i don't for sure what portion. 20%. probably roughly the same, but i don't frankly remember. i should, but i don't remember the number. so, you know, you start to go from sequestration, but let me try to be helpful. under the law before the new year's day legislation there was a sequestration about 547 in something called the national defence function where about 95 percent of that. our share was about 52. also a cap in the budget control act, and there was a sequestration associated with that. in the prior law we thought it would be 10 billion. the total is 62. when nothing the total would be more like 45. i hope he will take those numbers as rough, roughly 9%. and smaller because they change the law and a change some of the caps and reduced the size of the sequestration negotiation, the taxpayer relief act. is that clear? >> sorry. >> i'm going to take one more prerogative of the chair and ask on
by employers were looking for those euros. the crowd funding legislation which will help young entrepreneurs get access to net capital and create jobs something i hope the sec will immediately come up with a rule so these people can start creating jobs and raising money. legislation to reform wall street. when i was the deciding vote to strengthen our country's financial system legislation to eliminate and owners 3% withholding tax, a tax that would affect government contractors. legislation to ensure that our fallen heroes received the dignity and respect they raised deserve at the arlington national cemetery and that is something now that is also fixed and many many other congressional actions that have made a difference not only in massachusetts but in this great country. these were all shared successes but i was proud to be part of each and every one of them. i have always said that in order to do our business as our country's leaders, we must do our work in a bipartisan bicameral manner to ensure that the actions taken by the congress benefit all americans, not just those of one politic
nation between our three components and general frank grass the chief of the national euro and i have with the same efforts toward communication between the air force and the national guard bureau. obviously the force structure is a mix between the active and reserve components of the air force is a contentious issue and has been for the last six to eight months clearly. it continues to be. i characterize her court nation with the group i just mentioned as energetic and improving. but we are absolutely committed. everybody in the group i just mention is committed to ensuring that in the future when we come forthwith force structure mixed recommendations to the secretary, the secretary of defense and the president congress that we speak with one voice. we will do everything we can to get there. the first memory i have of my grandfathers him pulling up in front of our house in his 53 chevy convertible. the reason why, it was this week are. if we were at my not we could take you to the flight line and i could show you a bunch of sweet d50 to zen in 20208 woman delivered the last casey 46
to the bar afterwards. it is friday night. it's an enough euro. there's a lot to celebrate the missa please join us. does you on,.com, please. the runoffs come over and continue the conversation the place remains to be happening. they take one more for you have it. >> is a hammer computer situation. we actually support the border protection. i actually have a question for mayor stanton. he mentioned some of the divisive policies at the state and county level. how have you or how are you combating that in order to bring business back to the city and the state? >> thank you for the question. high-profile position as mayor of phoenix, largest city in the state. trying to send a message to the three. divisiveness. we tried decisiveness. it's not good for the business cycle in our community. so mayor rothschild and i have traveled twice already on trade missions to mexico. they're going to go back over and over again. i want to send a message that relationship is critically important to our community, that were focusing on the right things. economic development, jobs, education. the right public
in europe. in europe, unemployment is still rising, approaching 12% in the euro area. steadily hovered around 8%. no relief from that and no reasonable source of relief. we double or triple those numbers and again, nothing to write home about, long-term unemployment, people disconnecting from the labor market and problems with migration issues and problems with the delivery of public services precisely because of that. we are saying go green because we are on a collision course with nature. because at the rate where we are going, we are going to have a poor degree of success by the end of the century. we are talking about improbable scenarios, but we are on a course and have not done very much about it. the biodiversity, the air, the waste, these things continue to be challenges. because of the crisis, we have been distracted and there are some institutional issues take away a little bit of obsolete. democracy and governance issues, the g8 and g20 have not been mentioned here. we have to improve international cooperation to get home. yesterday we wrote a panel about what to do in 2013.
, are truly concerned that the department of defense is having way too much sway tensions of euros for foreign policy, not only in africa but especially in africa. the africa union met this week. top on the agenda is jobs. it's an economic livelihood for primarily young people who are like a wonderful students at howard, graduating and tells the prospects for jobs. and i think there's a concern that the u.s. in its foreign policy as was many other countries, france and others, are really shifting to emphasize more militaries and military as a means to security. when many see jobs and stable economies as a means to security and stability. so i think that the concerns are many. the concerns around africom standing up in 2008 at a time when africa actually surpassed the middle east of the supply oil to the united states come at a concern that u.s. interest in africa's oil and other vital resources is the true rationale for africom, as was countering china in the african theater. where china is increasing its influence. so i think the concerns were heightened before africom established, but concer
. they are working to develop a union where bank regulation would take, be done throughout the euro zone by ecb or some other agency. and that would strengthen european banking system and make it less dependent on individual countries. so steps are being taken in europe, which i hope will help stabilize that situation over time. in the emerging markets, begin have a variety of different stories, but i think the fundamentals of their in the emerging markets are pretty good, as you know. and even if there some moderation of growth, in some countries, we are seeing over all a rather remarkable transformation of places like china and india, which has been the biggest anti-poverty program in history. the growth in those countries, many millions of people out of poverty. so i think the growth will proceed in those areas as well. with each country, each region, latin america, asia, dealing with different sets of issues. >> well, i know that our audience has many questions to pose to you. perhaps let me ask one final one before i turn over to our students, to questions from the audience. and that is gi
to credit, and that is why the work of the consumer euro is important. the way companies manage risks and the ability of nonfinancial firms to manage their financial risk or as they say interest rates and currencies. the so-called derivative stocking. and the capital of liquidity in the role of the fundamental rule that money market mutual funds play to help many manage their day-to-day liquidity. all of these things are happening at the same time. these changes are significant and it is important that we get it right. this is not a question of whether financial regulation reform should be more or less, it should be, you know, we call the you know, we called the rightly or wrongly. how do we make sure you get right? for us get it right? for us, the definition of getting it right to preserve the most diverse sources of capital in job creation in the american economy. today we will hear from dan gallagher who i think is a in a good position to lay out an agenda for this and we hope that this is an agenda which has attracted strong bipartisan support, then it can be done again. the commi
years and for some reason the jury saw fit to give him nine years of grace. freddie, ma a 21 euros, son of a military man, he had gone to school, was in college, got a 25 year since. he asked his father way he should take a plea, and his father said look, if you're innocent you need to prove, get your day in court and go to trial and prove it. the son took his word, went to trial and got a 25 year sentence instead of a five year plea sends, since he would've gotten had he planned. the stories went on and on, and quickly, i probably most certainly would've done exactly if i had been in the same situation, people start to say we can get a fair trial, we are going to start to take place but to take place but i do have many of you know, but again tv makes it seem like everyone goes to trial. in the federal system over 95% of the cases actually get resolved. very few of them go to trial. in the state system, it's not quite as high but it is still very, very high. and so my clients started to quickly, they weren't my clients get what they started to take pleased to basically prison just becau
everything seems to convict on the euro crisis. the amount of money on the tivo keeps shrinking. the sense of generosity is shrinking and we've seen, since to decimate the financial crisis, ever greater dependency on one sowers, the united states government, which is now i think about 60% of support for international hav effort. what does this mean for you in terms of trying to court may tickle the response? >> i think it's very important. peter said something. he said the world is changing. 10 years ago when we were talking about elements, africa was nowhere. every office seeks 7%, even highest growth rate for thanking god that 15%. we're not talking about emerging nation, china, presale is a key player in the new global government system. so for me, what is important today is what we are trying to push us to share responsibility, saying the world is changing. the development paradigm we have been using until now. so what we are trying to push a spring and different players. we have been able to work with the chinese and the chinese now are paying for their own is response, which is very
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